Commodities: Crude slips in light trade

LONDON (ShareCast) - Crude oil futures declined on Monday, in lighter than usual electronic trade, as the stronger dollar eroded interest.

Normal floor trading in the US was closed for a holiday to mark President's Day.

Crude oil for March delivery lost 22 cents to settle at $95.65 a barrel on the New York Mercantile Exchange. On Friday the contract fell $1.45 a barrel.

A stronger dollar makes oil, which is priced in dollars, more expensive for holders of other currencies.

The dollar index, which measures the US currency against a basket of six other currencies, advanced to 80.618 from 80.475 on Friday.

On the ICE futures exchange in London, April Brent rose 13 cents at $117.78 a barrel.

Among precious metals gold rose modestly on Presidents Day after enjoying a decent boost in Asian trading.

Gold for delivery in April climbed $2.10 to $1,611.60 an ounce in electronic trading.



CJ